Factbox: Insurers return part of auto premiums as coronavirus cuts driving
Major U.S. insurers are offering credit to auto and motorcycle policyholders following a decline in driving, as most Americans stay at home to help contain the spread of the novel coronavirus.
Starbucks sees sales impact from coronavirus stretching into end of 2020
Starbucks Corp said on Wednesday the financial hit from the coronavirus pandemic would extend into the final quarter of 2020, but added that it had no plans to cut its quarterly dividend.
JPMorgan takes action against traders for using WhatsApp at work: Bloomberg News
JPMorgan Chase & Co, the largest U.S. bank, has taken action against more than a dozen traders for using WhatsApp at work, firing one and cutting bonuses for the rest, Bloomberg news reported on Wednesday, citing people with knowledge of the matter.
Costco’s March same-store sales jump as coronavirus triggers surge in buying
Costco Wholesale Corp reported a 9.6% jump in March comparable sales, as customers stocked up on essentials to weather coronavirus-led lockdowns.
JetBlue seeks U.S. approval to temporarily halt flights to 11 airports
JetBlue Airways Corp on Wednesday asked the U.S. Transportation Department for emergency approval to temporarily suspend service to 11 U.S. airports, including Dallas, Houston, Minneapolis, Portland, Sacramento and Albuquerque.
Philips says U.S. deal will enable it to ramp up ventilator production
Dutch health technology company Philips said on Wednesday it struck a deal with the White House that will enable it to significantly ramp up its production of hospital ventilators as promised.
Pelosi: more small business spending alone would not pass U.S. House
U.S. House Speaker Nancy Pelosi said on Wednesday that $250 billion in coronavirus relief for small businesses desired by Republicans could not pass the House of Representatives on its own under current procedures, which require a unanimous vote of tho…
Dow Jones Chief Executive Lewis to step down
Dow Jones Chief Executive Officer Will Lewis is stepping down, parent company News Corp said on Wednesday.
McDonald’s pulls forecast as coronavirus outbreak hits sales
McDonald’s Corp global comparable sales tumbled 22.2% in March and the burger chain pulled its full-year forecast as coronavirus-related lockdowns forced it to shutter stores and stick to delivery or take-out.
Ferrari to pilot ‘Back on Track’ employee screening for coronavirus
Ferrari said on Wednesday it was piloting a project to conduct voluntary screening of employees and their families for coronavirus once the supercarmaker’s factories in Italy reopen.
